Liquid Assets = 0.75 * 1,80,000 = 1,35,000. Current Assets = Liquid Assets + Inventory + Prepaid Expenses = 1,35,000 + 47,250 + 20,000 = 2,02,250. Current Ratio = 2,02,250 / 1,80,000 = 1.12 : 1 approximately.
CUET UG 2022 — Accountancy Financial Statements
Calculate Current Ratio from the following given information.
Liquid Ratio 0.75 : 1
Current Liabilities Rs. 1,80,000
Prepaid Expenses Rs. 20,000
Inventory Rs. 47,250
Held on 20 Jul 2022 · Verified 13 Jul 2026.
2 : 1
1.25 : 1
0.38 : 1
1.12 : 1
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